Bitcoin ETFs Draw $2.4 Billion as Investors Look Past Rates, Regulation, Geopolitics

Strategy acquired 1,665 BTC for $142.7M between September 21-27, bringing its total holdings to 847,666 BTC. The company also repurchased $151.7M of STRC preferred shares. Strategy funded these activities partly through selling 1.47M common shares for $246.2M.

Trader Peter Brandt predicts Bitcoin could reach $300,000 to $600,000 by 2029, calling the October pullback a buying opportunity. He suggests Bitcoin may have bottomed in June and could see a short-term dip to $65,000-$66,000.

Polymarket US launched a Bitcoin 'Up or Down' market every 15 minutes, creating up to 96 trading rounds daily. New York sued the platform, alleging unlicensed gambling, though the lawsuit does not mention the Bitcoin product. The platform claims it operates as a CFTC-regulated exchange. Stanford researchers found less manipulation in 15-minute contracts compared to 5-minute ones.

Bitcoin rose 0.9% to $84,301 on Tuesday after a one-week low of $82,516 on Monday, according to LSEG. Analysts at Bitfinex note that strong spot demand is needed for further gains. Gold fell 4% to a seven-week low of $4,114 an ounce on Monday. Strategy purchased 1,665 bitcoin last week at an average cost of $85,681, totaling $142.7 million.

Bitcoin rose to $84k as ETF inflows and corporate buying offset profit-taking. US spot Bitcoin ETFs saw $31M inflows, extending an 8-day streak, while Strategy acquired 1,665 BTC. On-chain data showed continued profit realization, but demand from ETFs and corporates may support prices. Bitcoin tests $85k resistance, with key support at $77,586.

Bitcoin (BTC) rose 8% over the past month, but Ethereum (ETH) gained 11%, driven by capital rotation and strong trading volume. Bitfinex noted Bitcoin's 'warm' sentiment with $2.77B in ETF inflows, while ETH's technical setup and programmability advantages attracted attention. Analysts highlighted potential FOMO risks and ETH's bullish patterns.